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U.S. State Codes
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South-Dakota
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Title 58 - Insurance
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Chapter 34 - Reciprocal Insurers
Chapter 34 - Reciprocal Insurers
§ 58-34-1 Reciprocal insurance defined.
§ 58-34-2 Reciprocal insurer defined.
§ 58-34-3 Attorney defined.
§ 58-34-4 Application of chapter to foreign reciprocal insurers.
§ 58-34-5 Compliance required of existing insurers.
§ 58-34-6 Organization of insurer--Number of persons required.
§ 58-34-7 Application for certificate of authority--Execution and filing--Contents.
§ 58-34-8 Bond of attorney in fact--Filing with and approval by director.
§ 58-34-9 Amount and conditions of bond.
§ 58-34-10 Advance notice of cancellation of bond.
§ 58-34-11 Deposit in lieu of bond.
§ 58-34-12 Action on bond or to recover against deposit.
§ 58-34-13 Business name of insurer--Use in suits by and against.
§ 58-34-14 Surplus funds of domestic reciprocal insurer--Amounts required.
§ 58-34-15 Additional expendable surplus required of new insurer.
§ 58-34-16 Additional kinds of insurance transacted--Minimum amount of surplus funds.
§ 58-34-17 Surplus funds of existing insurers--Laws governing.
§ 58-34-18 Issuance of certificate of authority.
§ 58-34-19 Refusal, suspension, or revocation of certificate of authority--Grounds.
§ 58-34-20 Rights and powers of attorney provided by subscribers' agreement.
§ 58-34-21 Power of attorney--Form and contents.
§ 58-34-22 Power of attorney--Terms--Approval by director.
§ 58-34-23 Service of legal process upon domestic insurer.
§ 58-34-24 Liability of subscribers for judgment against insurer--Service of legal process.
§ 58-34-25 Eligibility to become subscriber.
§ 58-34-26 Authority of corporation to exchange insurance contracts.
§ 58-34-27 Representatives of subscribers not liable on contract.
§ 58-34-28 Advisory committee representing subscribers--Selection.
§ 58-34-29 Advisory committee--Qualifications of members.
§ 58-34-30 Powers of advisory committee.
§ 58-34-31 Modification of subscribers' agreement or power of attorney.
§ 58-34-32 Kinds of business transacted--Life or title insurance excepted.
§ 58-34-33 Reinsurance authorized.
§ 58-34-34 Advance of funds to insurer.
§ 58-34-35 Liability of subscribers several and proportionate.
§ 58-34-36 Contingent assessment liability of subscriber.
§ 58-34-37 Contingent liability stated in assessable policy.
§ 58-34-38 Assessments against subscribers--Authority for levy.
§ 58-34-39 Computation of amounts of assessments--Ratio of deficiency to premiums earned.
§ 58-34-40 Earned premiums, computation for purpose of assessments.
§ 58-34-41 Offset of claim for unearned premium against assessment prohibited.
§ 58-34-42 Time limit for levy of assessment.
§ 58-34-43 Aggregate liability of subscriber--Maximum in one year.
§ 58-34-44 Subscriber not liable until final judgment against insurer.
§ 58-34-45 Limited liability of subscriber on judgment.
§ 58-34-46 Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability.
§ 58-34-47 Extinguishment of contingent liability of all subscribers required for authorization of nonassessable policies.
§ 58-34-48 Impairment of surplus required for nonassessable policies--Revocation of extinguishment authority.
§ 58-34-49 Savings--Distribution to subscribers.
§ 58-34-50 Liquidation--Distribution of remaining assets to subscribers.
§ 58-34-51 Annual statement of insurer--Filing.
§ 58-34-52 Annual statement--Supplemental information required by director.
§ 58-34-53 Determination of financial condition--Rules applied by director.
§ 58-34-54 Premium deposits as assets.
§ 58-34-55 Surplus deposits--Allowance as assets.
§ 58-34-56 Uncollected assessments not allowed as assets.
§ 58-34-57 Contingent liability of subscribers not allowed as asset.
§ 58-34-58 Reserves charged as liabilities.
§ 58-34-59 Computation of reserves.
§ 58-34-60 Surplus deposits of subscribers not a liability.
§ 58-34-61 Merger or conversion prohibited.
§ 58-34-62 Impairment of surplus--Deficiency to be made up.
§ 58-34-63 Failure to make up deficiency--Insurer deemed insolvent.
§ 58-34-64 Liquidation of insurer ordered--Levy of assessment against subscribers.